Audit Reform Special

Competition Commission website

Competition watchdog urged to water down audit tendering rules

Competition Commission told to scrap five year audit tendering plans in favour of FRC’s ten year 'comply or explain' approach

27 Aug 2013

Audit magnifying glass

Five-year audit tender costs disproportionate

Forcing companies to tender audit work every five years could prove costly, finds Richard Crump

16 Aug 2013

City of London

Tendering changes will cost audit market £100m a year

Taken together, FRC and Competition Commission audit proposals will cost accountants and businesses £100m a year

16 Aug 2013

PCAOB proposes biggest shake-up to US audit reports since 1940s

America's accountancy watchdog wants auditors to reveal more information about the listed companies they audit

14 Aug 2013

FRC rubbishes mandatory five year audit tendering

FRC warns five year tendering could result in a "sham process" that will undermine competition

13 Aug 2013

Colin: Wheel of Fortune

Colin comments on the state of the audit market

06 Aug 2013

Another day, another audit rotation

The new fashion of appointing fresh auditors has yet to extend outside the Big Four

05 Aug 2013

PwC replaces Deloitte as auditors of Hargreaves Lansdown

Hargreaves Lansdown describes 50 year audit tenures as "embarrassing" as fund seller switches auditors to PwC from Deloitte

30 Jul 2013

Unilever puts PwC audit up for tender

Consumer goods giant first FTSE 100 business to change auditors following Competition Commission measures

29 Jul 2013

Mid-tier handed "permission to play" in FTSE 350 audit market

While not perfect, Competition Commission audit reforms means it is in the mid-tier's hands to pick up work

24 Jul 2013

FRC audit rules should have been given time to take root

Mandatory five year audit tendering will do little to improve competition for FTSE 350 work

23 Jul 2013

Competition questions over mandatory audit tendering

Profession raises question over merits of Competition Commission mandatory tendering rules

22 Jul 2013

Competition Commission outlines five-year audit tenders

Auditors to bid for work every five years under new competition rules; but avoid mandatory rotation

22 Jul 2013

America has put the mockers on EU audit reform

Decision to prohibit mandatory rotation in the US puts question mark over EU audit policy

10 Jul 2013

US accountants applaud mandatory audit rotation block

US decision to prohibit mandatory audit rotation sends "clear message" to end debate in Europe

09 Jul 2013

Barclays defends Big Four audit role

Current banking audit rules "working for shareholders", Barclays claims in Competition Commission submission

01 Jul 2013

FRC dismisses enhanced audit competition role

Reporting watchdog questions usefulness of secondary duty of promoting competition between audit firms

24 Jun 2013

FRC may be handed audit market competition remit

Competition Commission may call in FRC to support measures to break audit dominance of the Big Four

07 Jun 2013

FRC makes changes significant changes to audit reports

The finance watchdog has made changes to ISA 700 - in the hope of increasing communication with investors

04 Jun 2013

Wrangling persists over who should oversee auditing in the EU

Supervision, mandatory rotation and a black-list for non-audit services proved contentious when discussed by EU finance ministers

31 May 2013

Page 3 of 19

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This web seminar will explain how finance directors can monitor and understand the various financial costs of staff turnover

Leader: Baker Tilly's naming nerves

Baker Tilly's impending name change opens up a range of possiblities, writes Calum Fuller

The Practitioner: R&D tax credit boon awaits clients

The Practitioner is gobsmacked at the opportunities for tax savings that R&D credits will bring for clients

Macro View: Soaring US dollar could unleash nasty global tremors

If upward pressures on the dollar escalate, its strength could become malignant and the blessing could become a curse

social-networking

Auto-enrolment: Know the workforce - assessing workers

Who 'works' for a business? A simple question, but one that requires careful consideration as far as meeting auto-enrolment requirements are concerned, writes Stephen Rowntree

Colin: No-go for new Tesco logo

Colin attempts a unilateral rebrand for Tesco

Taking Stock: Haslers' marathon man avoids comfort break

Better out than in for long-distance runner

Taking Stock: Rickard very Keen on its psuedonym

Rickard Keen's move to limited status sees some unusual detail at Companies House...

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Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.